Empirical study of process of obtaining finance for non-Swedish entrepreneurs : In context of Kronoberg Region

Abstract: Previous literature suggests that there are significant differences among Swedish and NonSwedish groups, as the non-Swedish counterpart of the system face more challenges and hurdles while obtaining finance for their businesses. The aim of the research paper is to map the processes of the obtaining finance from both private and government institutions and gather intelligence on the criteria to ascertain if there are any explicit difference in the processes a non-Swedish entrepreneur has to go through before it gets funded. Qualitative research approach is used in this thesis where we performed in-depth interviews in the form of open discussion with five organizations which includes government institutions and network of private of Investor. We identified two different mindsets and processes i.e. Government and Private Investors where they focus on different aspects of process even though the pre-requisite documents are similar and overlapping. The empirical data collected using qualitative methods were converted into narratives and build into process map to see whether there are any explicit differences in the processes defined for obtaining finance for non-Swedish entrepreneur. Our conclusion is that there is no difference in the processes but there are many elements which can lead to non-Swedish entrepreneur to fall out of the system. So, it‟s matter of small improvements of the system which will make it more efficient, transparent and inclusive for all the participants within the system. The research shows that there are some nuances which can add up and lead to the NonSwedish entrepreneur to be excluded from the system but there are no explicit differences in the process. In the suggested improvement, these gaps and loopholes can be covered to make the system more efficient, transparent and inclusive which can lead to equal opportunities for everyone and also increasing the economic activity within the Kronoberg region